Binni Ong wrote a post · Jun 11, 2024 17:14

STI has a confirmed short-term bearish signal

Previously in this post, I mentioned that $FTSE Singapore Straits Time Index (.STI.SG)$ is at a crossroad.

Read here and here.

Today has closed below 3320 which confirms the short-term bearishness. A test towards 3320 as a resistance will likely confirm that more bearishness will set in with the price heading towards 3250.

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STI has a confirmed short-term bearish signal

Possible hedging instruments:

Warrants: $SIMSCI 280MBePW240930 (GIWW.SG)$

DLCs: $STI 7xShortSG250529 (CZGW.SG)$

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Binni Ong

SGX Academy Trainer | International Speaker | Angel Investor | Automated System Developer | Made first pot Gold at 18

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